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mortgages: Historical Chart of 30 yr fixed and Prime Rate going back to 1963 - For all those who think rates are not going up, think again... - 10/29/08 10:16 AM

This chart shows why rates are going to go up and possible where they are headed.  If rates are cyclical then this chart should provide some clarity as to where rates are head in the short term.  The one thing this chart doesn't reflect is that I believe that 30yr rates will start to act on there own away from the prime rate.  In the future the 30 yr rate will not pair itself with the prime rate.  This is due to factors effecting 30 yr rates that do not have a sever and direct effect on the prime rate.  There … (4 comments)

mortgages: Rates are going up... - 10/27/08 04:32 PM
FHA @ 7% today
30 YR Fixed just priced one out @ 6.75 and the credit was excellent
A little forwarning trying and warm your clients up to the idea that rates are going to get worse and will continue to for some unkown amount of time.  This idea of low rates spurring growth is way to late in the game to make a difference so the long postiton on rates is that once we realize growth will no longer be fueled by low rates, they will begin to rise as the market starts to stabilize the right way...Rewarding risk with return … (7 comments)

mortgages: Citi...Letter received from rep - 10/07/08 01:30 PM
Good morning.I have some rather sad news to share today. There is no more accurate was to say it.Later this afternoon you should be receiving some formal communication from CitiMortgage of their intent to dramatically change their way of doing business. This change will eliminate my position and all of the other account executive for the CitiMortgage Wholesale (broker) channel. Citi will be taking the 9,500 brokers it does business with today and reducing that number to the neighborhood of 1,000. They will then support those customers with an inside sales team going forward. I received this news minutes ago and … (3 comments)

mortgages: Monday...Month end is here... - 07/28/08 11:22 AM
Well the end of the month is upon us...  Hopefully you had a great month.  Rates are holding at the 6.625%, they have been hovering between 6.625% & 6.75% for about a week and a half.  The governemnt has been doing a great job of messing with the housing market and it looks like they still have some mucking around to do... THere latest ploy is to eliminate the Down Payment Assistance programs offered by two companies.  Ecentially if you local programs exsist for DPA you should be fine the two major organizations that will be effected are Niehamia and AmeriDream I … (0 comments)

mortgages: I am a newbie to this forum... - 07/17/08 11:33 AM
Hello All,
I am here to help with any and all mortgage questions.  Rates have been wild as of late.  Today they are hovering right around 6.375...  We usually can get an indicator of  rate from the 10 year Note but it is been all over the place and the yield is huge so we are finding no help there...  The tow biggest lenders FNMA and FMAC sold 3 billion in bonds to day and it help to rally wall street and push bank stocks up to new highs.  Still a lot of worry in the market and financing new homes is still … (10 comments)

 

Nathan Goodman

Bozeman, MT

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Guild Mortgage Company

Address: 1925 N. 22nd Ave. Ste. 103, Bozeman, MT, 59715

Office Phone: (406) 522-8800

Cell Phone: (406) 580-0149

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